Natixis Acquires 20,460 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Natixis grew its holdings in Ulta Beauty, Inc. (NASDAQ:ULTA) by 713.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,326 shares of the specialty retailer’s stock after purchasing an additional 20,460 shares during the period. Natixis’ holdings in Ulta Beauty were worth $12,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nvwm LLC grew its holdings in shares of Ulta Beauty by 2.1% in the fourth quarter. Nvwm LLC now owns 1,043 shares of the specialty retailer’s stock worth $511,000 after acquiring an additional 21 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Ulta Beauty by 41.2% in the fourth quarter. Manchester Capital Management LLC now owns 72 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 21 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Ulta Beauty by 0.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,828 shares of the specialty retailer’s stock worth $1,386,000 after acquiring an additional 23 shares during the period. Nkcfo LLC grew its holdings in shares of Ulta Beauty by 14.4% in the fourth quarter. Nkcfo LLC now owns 183 shares of the specialty retailer’s stock worth $90,000 after acquiring an additional 23 shares during the period. Finally, Janiczek Wealth Management LLC grew its holdings in shares of Ulta Beauty by 32.5% in the first quarter. Janiczek Wealth Management LLC now owns 102 shares of the specialty retailer’s stock worth $53,000 after acquiring an additional 25 shares during the period. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Stock Down 1.7 %

Ulta Beauty stock traded down $6.31 during midday trading on Thursday, reaching $363.30. 1,155,912 shares of the stock traded hands, compared to its average volume of 812,745. Ulta Beauty, Inc. has a 12 month low of $363.01 and a 12 month high of $574.76. The stock’s fifty day moving average is $389.02 and its 200-day moving average is $451.77. The stock has a market cap of $17.34 billion, a P/E ratio of 14.42, a PEG ratio of 1.80 and a beta of 1.37.

Ulta Beauty (NASDAQ:ULTA) last issued its quarterly earnings data on Thursday, May 30th. The specialty retailer reported $6.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.19 by $0.28. Ulta Beauty had a return on equity of 58.06% and a net margin of 11.13%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business posted $6.88 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Ulta Beauty, Inc. will post 25.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ULTA has been the topic of several analyst reports. Evercore ISI lowered their target price on Ulta Beauty from $630.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. Bank of America lowered their target price on Ulta Beauty from $575.00 to $425.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $500.00 target price on shares of Ulta Beauty in a research report on Friday, July 19th. Piper Sandler downgraded Ulta Beauty from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $494.00 to $404.00 in a research report on Wednesday. Finally, Oppenheimer lowered their target price on Ulta Beauty from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $497.61.

Insider Transactions at Ulta Beauty

In other news, Director Catherine Ann Halligan sold 100 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the sale, the director now directly owns 2,017 shares in the company, valued at $786,791.36. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Jodi J. Caro sold 650 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $388.68, for a total value of $252,642.00. Following the sale, the insider now directly owns 6,801 shares in the company, valued at $2,643,412.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Catherine Ann Halligan sold 100 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $390.08, for a total value of $39,008.00. Following the transaction, the director now owns 2,017 shares in the company, valued at $786,791.36. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Ulta Beauty Company Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.